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Billion euros. I do not know where the figure came from, but they will be readjusting. Do i understand that i cannot buy a diesel vw in america right now . They basically shut it down. Vonnie yes. They have recalled diesel cars. The funny thing is the north american head was speaking last night. Clarification, i learned to etle, my a vw be father had a vw rabbit. There is our clarification on vw. A busy morning. Here are top headlines. Here is vonnie quinn. Vonnie chinas president , jinping arrives in washington. He has defended the way he has handled the chinese economy. He said the Government Intervention was needed to deal with systemic risk. More problems for volkswagen. And face billions in fines repair costs for cheating on federal air pollution tests. The Justice Department is investigating vw for possible criminal violations. That could lead to charges ag ....
Welcome, youre watching countdown. Chinese authorities have stepped up targeted stimulus to shore up growth in the worlds second biggest economy. Kong. Joins us from hong tentative, small steps the chinese are taking this morning to shore up little of the chinese economy, but it could paint a picture, couldnt it . We have a hong kong economy catching up from yesterday. Straight out we saw the Hong Kong Market, that rise really significant compared compared to what we have seen in the european and u. S. Sessions on thursday. Look at that, the Hong Kong Market is up 2. 7 . Hadfirst to report there been stimulus measures coming through from the chinese government, also as you mentioned, playing catch up to that big rally we had in the region yesterday when hong kong was closed. You can see galaxy is leading. Casino stocks are looking strong today. There is weakness for the f ....
We are here in london. Im guy johnson. Lets turn to russia. In her first interview with an international broadcaster, the head of the central bank has told bloomberg that bank of russia is not an arm of the kremlin. Elvira nabiullina has been criticized for the rubles collapse. Ryan chilcote began by asking her whether the ruble will tumble again. We are of course not expecting any massive decrease in the rubles exchange rate, because the decline in the oil price was the third biggest in the last four years and the amount of external debt that has to be paid this year is about one third less than last year. Year on year inflation, could it go beyond 20 . Inflation may be higher than the current 15 , but this higher level is driven by past taxes. Moreover, id like to point out that other inflationary factors [indiscernible] we expect a contraction in Economic Activity and demand. On top of that, we have money supply data. Thats ....
As a potential investing opportunity, a way maybe to make a fast buck. If you you this they are right and you want to play, well have some ideas for you later this hour. The ultimate powerhouse. There it is, the address, fifth avenue, park avenue, forget it. Its Central Park West, the address of some of the worlds biggest business leaders, call it home, stars, media folks, lots of folks, sue. How do the megamoney people that can pay tens of millions for an apartment get along as neighbors. Can i borrow some sugar . I was just going to say, can i borrow a cup of coffee . Can el borrow a couple billi billion . Wouldnt that be nice. The markets are up big, along with many traders, were watching the dow, the transports, right now the transports are up 60 points on the trading session. The tenyear note is trading on at a yield of 2. 68 . The dow meanwhile, is up about 178 points on the trading session. Mary thompson is here at post ....